GE Capital, Canada has announced the signing of a commercial agreement with Shell Canada Products (Shell) with a view to facilitate the trucking industry's adoption in Canada of liquefied natural gas (LNG), a cleaner-burning, less expensive fuel.
In September (2012), the University of British Columbia (UBC) officially opened a $34-million clean energy facility, making it Canada’s first university – and one of a few institutions worldwide – to produce both clean heat and electricity for its campus from renewable biomass.
GE Capital recently announced that it is the administrative agent for a total of $228.9 million in project finance credit facilities to fund the development, construction and operation of Greenpac Mill, LLC. Greenpac is a greenfield recycled linerboard mill, by Norampac, a division of Cascades, Inc. and other investors. GE Capital Markets acted as sole lead arranger and sole book runner.
GE Oil & Gas has received GE ecomagi-nation certification for hot gas expander technology that works with a waste-gas recovery system to help refineries significantly reduce their energy costs while also lowering emissions.